Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support

Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support

Internal audit quality is one of the key factors in achieving superior organizational performance. However, upon all the existence of internal audit (IA) departments in Nigerian federal universities, poor internal control and ineffectiveness in the financial operations were identified. Therefore, th...

Full description

Saved in:
Bibliographic Details
Main Author: Bello, Suleiman Mohammed
Format: Thesis
Language:eng
eng
Published: 2018
Subjects:
HF5667 Professional Ethics
Auditors.
Online Access:https://etd.uum.edu.my/7935/1/s900011_01.pdf
https://etd.uum.edu.my/7935/2/s900011_02.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-uum-etd.7935
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Che Ahmad, Ayoib
Mohamad Yusof, Nor Zalina
topic HF5667 Professional Ethics
Auditors.
spellingShingle HF5667 Professional Ethics
Auditors.
Bello, Suleiman Mohammed
Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support
description Internal audit quality is one of the key factors in achieving superior organizational performance. However, upon all the existence of internal audit (IA) departments in Nigerian federal universities, poor internal control and ineffectiveness in the financial operations were identified. Therefore, this study examined the relationship between internal audit quality dimensions consisting of IA competence, IA independence, IA size, IA reporting line and timeliness of IA report and organizational performance with moderating effect of top management support in Nigerian federal universities. A total of 600 samples of internal auditors were drawn from 40 Nigerian federal universities. Data was collected using questionnaires, of which 313 responses were analysed through descriptive and inferential statistics for testing the hypotheses. The result of direct relationship of the constructs of the study reveals that there are positive relationships between IA competence, timeliness of IA report, IA reporting line and top management support with organizational performance. However, negative relationships between IA independence and IA size were identified. The result of moderating effect of top management support reveals that IA independence, IA size and IA competence produced positive and significant relationship with organizational performance. While, negative relationships between IA reporting line and timeliness of IA report were identified. The practical and the theoretical contributions of this study indicates that stewardship theory and resource dependency theory are important in explaining the effect of top management support to organizational performance. The result further implies that Nigerian federal universities are capable of achieving high level of performance with new policy initiatives by the regulatory Agencies and support from top management for IA independence, IA competent and good sizeable number of IA staff. The study also contributed to the literature of internal audit quality and organizational performance relationships with moderating effect of top management support and the IA practice in Nigerian.
format Thesis
qualification_name Ph.D.
qualification_level Doctorate
author Bello, Suleiman Mohammed
author_facet Bello, Suleiman Mohammed
author_sort Bello, Suleiman Mohammed
title Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support
title_short Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support
title_full Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support
title_fullStr Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support
title_full_unstemmed Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support
title_sort internal audit quality and organizational performance in nigerian federal universities : the moderating effects of top management support
granting_institution Universiti Utara Malaysia
granting_department Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate 2018
url https://etd.uum.edu.my/7935/1/s900011_01.pdf
https://etd.uum.edu.my/7935/2/s900011_02.pdf
_version_ 1747828292666261504
spelling my-uum-etd.79352021-08-09T06:12:41Z Internal audit quality and organizational performance in Nigerian federal universities : the moderating effects of top management support 2018 Bello, Suleiman Mohammed Che Ahmad, Ayoib Mohamad Yusof, Nor Zalina Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HF5667 Professional Ethics. Auditors. Internal audit quality is one of the key factors in achieving superior organizational performance. However, upon all the existence of internal audit (IA) departments in Nigerian federal universities, poor internal control and ineffectiveness in the financial operations were identified. Therefore, this study examined the relationship between internal audit quality dimensions consisting of IA competence, IA independence, IA size, IA reporting line and timeliness of IA report and organizational performance with moderating effect of top management support in Nigerian federal universities. A total of 600 samples of internal auditors were drawn from 40 Nigerian federal universities. Data was collected using questionnaires, of which 313 responses were analysed through descriptive and inferential statistics for testing the hypotheses. The result of direct relationship of the constructs of the study reveals that there are positive relationships between IA competence, timeliness of IA report, IA reporting line and top management support with organizational performance. However, negative relationships between IA independence and IA size were identified. The result of moderating effect of top management support reveals that IA independence, IA size and IA competence produced positive and significant relationship with organizational performance. While, negative relationships between IA reporting line and timeliness of IA report were identified. The practical and the theoretical contributions of this study indicates that stewardship theory and resource dependency theory are important in explaining the effect of top management support to organizational performance. The result further implies that Nigerian federal universities are capable of achieving high level of performance with new policy initiatives by the regulatory Agencies and support from top management for IA independence, IA competent and good sizeable number of IA staff. The study also contributed to the literature of internal audit quality and organizational performance relationships with moderating effect of top management support and the IA practice in Nigerian. 2018 Thesis https://etd.uum.edu.my/7935/ https://etd.uum.edu.my/7935/1/s900011_01.pdf text eng public https://etd.uum.edu.my/7935/2/s900011_02.pdf text eng public https://sierra.uum.edu.my/record=b1698998~S1 Ph.D. doctoral Universiti Utara Malaysia Abbott, L. J., & Parker, S. (2000). Auditor selection and audit committee characteristics. Auditing: A Journal of Practice & Theory, 19(2), 47-66. Abdulkareem, A. Y., & Oyeniran, S. (2011). Managing the performance of Nigerian universities for sustainable development using data envelopment analysis. International Journal of Academic Research in Business and Social Sciences, 2(1) 47-61 Abu-Azza, W. (2012). Perceived effectiveness of the internal audit function in Libya: a qualitative study using institutional and Marxist theories. Doctoral dissertation, University of Southern Queensland. Academic Staff Union of Nigerian Universities, (2013). University education in Nigeria. Paper presentation at Union conference, March, 2013, Abuja, Nigeria. Achua, J. K., & Alabar, T. T. (2014). Imperatives of marketing internal auditing in Nigerian universities. Procedia-Social and Behavioral Sciences, 164(1), 32-40. Achua, J. K., & Ogunjoboun, F. I. (2014). Imperative of value-for-money internal Auditing in Nigerian universities. The Nigerian Accountant, 47(1) 56-67 Adams, C. A., & Kuasirikun, N. (2000). A comparative analysis of corporate reporting on ethical issues by UK and German chemical and pharmaceutical companies. European Accounting Review. 9(1), 53-79. Adeyemi, O. (2011). Moving Nigeria forward: The development planning approach. Ibadan, University Press. Adeyemi, S. B., Okpala, O., & Dabor, E. L. (2012). Factors affecting audit quality in Nigeria. International Journal of Business and Social Science, 3(20) 32-51. Afifi, A.A., & Clark, V. (1998). Computer–aided multivariate analysis (3rd ed.) UK: Chapman & Hall. Ahmad, H. N. (2015). Internal audit effectiveness: Resource-based and institutional perspectives. Australian Journal of Basic and Applied Sciences, 9 (9).95-104. Ahmad, N., Othman, R., Othman, R., & Jusoff, K. (2009). The effectiveness of internal audit in Malaysian public sector. Journal of Modern Accounting and Auditing, 5(9), 53-62. Ahmad, Z., & Taylor, D. (2009). Commitment to independence by internal auditors: The effects of role ambiguity and role conflict. Managerial Auditing Journal, 24(9), 899-925. Al Matarneh, G. F. (2011). Factors determining the internal audit quality in banks: Empirical evidence from Jordan. International Research Journal of Finance and Economics, 73(1), 99-108. Ali, A. M., Saidin, S. Z., Sahdan, M. H., Rasit, M. H. H., Rahim, M. S., & Gloeck, J. D. (2012). Internal audit in the federal government organizations of Malaysia: The good, the bad and the very ugly? Asian Journal of Business & Governance, 2(1), 68-111. Ali, M., & Rusjan, B. (2011). Material relevance of internal audit: Business benefit of using ISO 9000 international as a managerial tool. Total Quality Management Journal.23(3). Al-Matari, E. M., Al-Swidi, A., & Fadzil, F. H. B. (2014). The effect of the internal audit and firm performance: A Proposed research framework. International Review of Management and Marketing, 4(1), 34-42. Almosa, S. A., & Alabbas, M. (2007). Audit delay: Evidence from listed joint stock companies in Saudi Arabia. Retrieved from www1. kku.edu.sa Al-Shetwi, M., Ramadili, S. M., Chowdury, T. H. S., & Sori, Z. M. (2011). Impact of internal audit function (IAF) on financial reporting quality (FRQ): Evidence from Saudi Arabia. African Journal of Business Management, 5(27), 11-89. Al-Twaijry, A. A., Brierley, J. A., & Gwilliam, D. R. (2003). The development of internal audit in Saudi Arabia: An institutional theory perspective. Critical Perspectives on Accounting, 14(5), 507-531. Alwala., & Biraori, (2015). Internal audit independence and share performance of firms listed in the Nairobi stock exchange. International Journal of Research and Interdisciplinary Sciences. 2(1) 17-23. Alzeban, A., & Gwilliams, D. (2014). Factors affecting the internal audit effectiveness: A survey of the Saudi public sector. Journal of International Accounting, Auditing and Taxation, 23(2), 74-86. Alzeban, A., & Sawan, N. (2013). The role of internal audit function public sector in Saudi Arabia public sector. African Journal of Business Management, 7(6), 443-454. Anderson, U. (2012). Meeting stakeholder’s expectation for assurance internal auditor role in a group effort. Global Journal of Management and Business Research, 12(1) 211-232. Anderson, U.L., Christ, M. H., Johnstone, K. M., & Rittenberg, L. E. (2012). A Post- SOX examination of factors associated with the size of internal audit Functions. Accounting Horizons, 26(2), 167–191. Andrew, D. Chamber & Marjan, O. (2015). A new vision for internal audit. Managerial Auditing Journal. 30 (1), 34-55. Arena, M., & Azzone, G. (2007). Internal audit departments: Adoption and characteristics in Italian companies. International Journal of Auditing, 11(2), 91-114. Arena, M., & Azzone, G. (2009). Identifying organizational drivers of internal audit effectiveness. International Journal of Auditing, 13(1), 43-60. Arena, M., Arnaboldi, M., & Azzone, G. (2006). Internal audit in Italian organizations: A multiple case study. Managerial Auditing Journal, 21(3), 275-292. Argyris, C. (1964). Integrating the Individual and the Corporation. New York, Wiley and Sons. Asheley, C. (2017). Understanding purposive sampling – An overview of the method and its application. http/www.thought.Co March 2nd, 2017 Badara, M. A. S., & Saidin, S. Z. (2013). Antecedents of internal audit effectiveness: A moderating effect of effective audit committee at local government level in Nigeria. International Journal of Finance and Accounting, 2(2), 82-88. Badara, M. A. S., & Saidin, S. Z. (2013). The relationship between audit experience and internal audit effectiveness in the public sector organizations. International Journal of Academic Research in Accounting, Finance and Management Sciences, 3(3), 329-339. Badara, M. A. S., & Saidin, S. Z. (2014). Empirical evidence of antecedents of internal audit effectiveness from Nigerian perspective. Middle-East Journal of Scientific Research, 19(4), 460-469. Badara, M. A. S., & Saidin, S. Z. (2014). Empirical evidence of the moderating effect of effective audit committee on audit experience in the public sector: Perception of internal auditors. Mediterranean Journal of Social Sciences, 5(10), 176-183. Baharuddin, Z., Shokiyah, A., & Ibrahim, M. S. (2014). Factors that contribute to the effectiveness of internal audit in public sector. International Proceedings of Economics Development and Research, 70(2), 126-132. Banker, R. D., Potter, G., & Srinivasan, D. (2005). Association of nonfinancial performance measures with the financial performance of a lodging chain. Cornell Hotel and Restaurant Administration Quarterly, 46(4), 394–412. Baron, R. M., & Kenny, D.A. (1986). The moderator-mediator variable distinction in social psychological research: conceptual, strategic and statistical consideration. Journal of Personality and Social Psychology, 51, 1173-1182. Doi: 10.1037/0022-3514.51.6.1173. Bentes, A. V., Carneiro, J., da Silva, J. F., & Kimura, H. (2012). Multidimensional assessment of organizational performance: Integrating BSC and AHP. Journal of Business Research, 65(12), 1790–1799. Berg, N. (2002). Non-response bias. Www.utdallas.Edu/nberg/Berg…/BergNonresponseBiasjuly2013.pdf Berry, W. D., & Feildman, S. (1985). Multiple regression in practice. Sage University Papers series. Beyanga, T. A. (2011). Internal audit function, employee attitudes and financial performance of public universities: A case study of Kyambogo and Makerere universities (Doctoral dissertation, Makerere University). Bhagat S., & Bolton, B. (2009). Sarbanes-Oxley, governance and performance. Retrieved 2010 from SSRN. Bliss, M. A., Gul, F. A., & Majid, A. (2011). Do political connections affect the role of independent audit committees and CEO duality? Some evidence from Malaysian audit pricing. Journal of Contemporary Accounting & Economics, 7(2), 82-98. Bouaziz, Z. (2012). The impact of audit size on financial performance of Tunisian companies. Paper Presentation at Faculty of Economic and Management. Sfax University Tunisia. Boyle, D. M. (2012). The effects of internal audit report type and reporting relationship on internal auditors' Judgements. A Dissertation for the award PhD in Business Administration, Coles, College of Business, Kennesaw State University. Retrieve from http://www.stats.govt.nz Brant, E. C., Steve, M. G., Thomas, C. O., & Marjorie, K., S. (2016). Understanding audit quality: Insight from audit professionals and investors. Contemporary Accounting Research. 33, (4), 1648-1684. Brierley, J., El – Nafabi, H., & Gwilliams, D. (2001). The Problem of establishing internal audit in the Sudanese public sector. International Journal of Auditing, 5(1). 73-87. Brierley, J., El – Nafabi, H., & Gwilliams, D. (2003). An examination of internal audit in the Sudanese public sector. Journal on Research in Accounting in Emerging Economics, 5(1), 72-77. Brown, D. L., & Jones, K. T. (2011). Audit experience education and perception about the efficacy of Sarbanes – Oxley and the PCAOB. Journal of Accounting and Finance, 11 (2), 58 – 68. Buregeya, P. (2007). The role of internal auditing in the organizational performance of the Rwanda revenue authority (RRA).Tshwane University of Technology, Rwanda press. Burt, R. S. (1983). Corporate profits and cooptation: Networks of Market Constraints and Directorate Ties in the American Economy, Academic Press, New York. Business Day News Paper (2015). Nigerian Education System. Business day, July, 3rd 2015. Byrne, B.M. (2010). Structural equation modeling with Amos: Basic concepts, applications and programming (2nded.). New York: Taylor and Francis group. Cavana, R. Y., Dalehaye, B. L., & Sekaran, U. (2001). Applied business research: quantitative and qualitative methods, John Wiley and Sons, Australia. Chair, M. B. (2003). Internal audit independence and corporate governance. Research study from Chicago chapter. Institute of Internal Auditors-Research Foundation. (2003). Chamber, A. D. & Oder, M. (2015). A new vision of internal audit. Managerial Auditing Journal. 30 (1), 34-55. Charles, A. (2013). Internal audit and professional independence in government educational institution in Nigeria. ICAN Students’ journal, 4(3), 23-27 Che Ahmad, A., & Abidin, S. (2009). Audit delay of listed companies: A case of Malaysia. International business research, 1(4), 32. Chen, Y. M., Moroney, R., & Houghton, K. (2005). Audit committee composition and the use of an industry specialist audit firm. Accounting & Finance Journal, 45(2), 217-239. Chen, Y. S., Hsu, J., Huang, M. T., & Yang, P. S. (2013). Quality, size, and performance of audit firms. The International Journal of Business and Finance Research, 7(5), 89-105. Chi, W., Myers, L. A., Omer, T. C., & Xie, H. (2010). The effects of auditors’ preclient and client-specific experience on earnings quality and perceptions of earnings quality: Evidence from private and public companies in Taiwan. National Chengchi University, 1(2), 1-38 Chia-Ah, E., & Karlsson, J. (2010). The impact of extended audit tenure on auditor independence: Auditors perspective. Unpublished maste’s thesis, Umeå University, Sweden. Christopher, J. (2014). Internal audit: Does it enhance governance in the Australian public university sector? Educational Management Administration & Leadership, 43(6), 954-971. Christopher, J., Sarens, G., & Leung, P. (2009). A critical analysis of the independence of the internal audit function: evidence from Australia. Accounting, Auditing & Accountability Journal, 22(2), 200-220. Cohen, A., & Sayag, G. (2010). The effectiveness of internal auditing: an empirical examination of its determinants in Israeli organizations. Australian Accounting Review, 20(3), 296-307. Cohen, A., & Vigoda, E. (2000). Do good citizens make good organizational citizens? An empirical examination of the relationship between general citizenship and organizational citizenship behavior in Israel. Administration & Society, 32(5), 596-624. Cohen, J. (1980). Statistical power analysis for the behavioral science.2nd edition Hillsdale, N. J. Lawrence Erlbaum Associate Inc. Contrafatto, M. (2014). Stewardship Theory: Approaches and perspectives: Accountability and social accounting for social and non-profit organizations Advances in Public Interest Accounting, (17), 177-196. Creswell, J. W. (1994). Research design: Qualitative and quantitative approaches. London, Sage Publication. Creswell, J. W. (2003). Research design.2nd edition, London, Thousand Oaks, CA. Creswell, J.W. (2012). Educational research: planning, conducting and evaluating quantitative and qualitative research. (4th ed.). London, Edward Brothers, Inc. Daily Trust – News Paper (2017). Public sector lose 60% annual income to corruption. Daily Trust Nigerian Limited, December, 28, 2017, pp. 14. Davidson, R., Goodwin‐Stewart, J., & Kent, P. (2005). Internal governance structures and earnings management. Accounting & Finance Journal, 45(2), 241-267. Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management review, 22(1), 20-47. Demaki, G. O. (2011). Proliferation of codes of corporate governance in Nigeria and economic development. Business and Management Review,1(6), 1-7. Dominic, S.B.S, & Nonna, M. (2011). The internal audit function: Perceptions of internal audit roles, effectiveness and evaluation. Managerial Auditing Journal, 26(7), 605 – 622. Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of management, 16(1), 49-64. Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: Concepts, evidence, and implications. Academy of management Review, 20(1), 65-91. Ebrahim, A. (2001). Auditing quality, auditor tenure, client importance, and earnings management: An additional evidence. Rutgers University Journal, 1(2), 1-20. Ejoh, N. O & Ejom, P. E. (2014). Effects of Internal Audit Functions on the Financial Performance of Tertiary Institution in Nigeria .International Journal of Economic, Commerce and Management, 2(2), 22-30. Endaya, K. E., & Hanefah, M. M. (2013). Internal audit effectiveness: An approach proposition to develop the theoretical framework. Research Journal of Finance and Accounting, 4(10), 92-102. Endaya, K. E., & Hanefah, M. M. (2016). Internal audit characteristics, internal effectiveness and moderating effects of senior management. Journal of Economics and Administrative Sciences. 32 (2). 160-176. Enofe, A. O., Mgbame, C. J., Osa-Erhabor, V. E., & Ehiorobo, A. J. (2013). The role of internal audit in effective management in public sector. Management Review Journal, 4(6), 23-37. Etzioni, A. (1975). A Comparative Analysis Complex Organization: On Power, involvement and their correlates. New York, Free Press. Fagbemi, T. O., Abogun, S., Uadiale, O. M., & Uwuigbe, O. R. (2013). An assessment of audit approach and audit quality in Nigeria. Research Journal of Finance and Accounting, 4(14), 74-81. Faiz, Z., Sakina, N. T. & Rudi, P. T. (2017). Effects of auditor’s independence and experience, size of client’s financial health and audit fee on audit quality: An empirical study on public accounting firms in Indonesia. Journal of Economics, Business and Management. 5 (10), 69-73. FareedMastan, P., Gameda, H., Rajeswari, P., & Muhammed, S. (2015). The effectiveness of internal audit in improving organizational performance: Case study of Wollo University, Ethiopia, 2015. Indian Journal of Applied Research, 5(7), 43-51. Farouk, M. A., & Hassan, S. U. (2014). Impact of audit quality and financial performance of quoted cement firms in Nigeria. International Journal of Accounting and Taxation, 2(2), 01-22. Gaballa, A. S., & Ning, Z. (2011). An analytical study of the effects of experience on the performance of the external auditor In International Conference on Business and Economics Research, 2(1),169-173. Gavrea, C., Ilies, L., & Stegerean, R. (2011). Determinants of organizational performance: The case of Romania. Management & Marketing, 6(2), 285. George, D., Karagiogos, T & Konstantinos, A. (2015). Factors associated with internal audit effectiveness: Evidence from Greece. Journal of Accounting and Taxation, 7(7), 113-122. George, D., Karagiogos, T, Konstantinos, A. & Evgenia, A. (2016). Relationship between corporate governance, internal audit and audit committee: Empirical evidence from Greece. Corporate Ownership and Control Journal. 14 (1) 569-577. Georgopoulos, B. S., & Tannenbaum, A. S. (1957). A study of organizational effectiveness. American Sociological Review, 22(5), 534-540. Gita, S. N. & Linda, K. W. (2017). Internal audit work experience, independence, objectivity, integrity, competency and accountability on audit quality. Journal of Business Economics and Business Atmajava, Indonesia. 1 (1), 19-33. Goodwin, J. (2004). A comparison of internal audit in the private and public sectors. Managerial Auditing Journal, 19(5), 640-650. Grambling, A. A., & Hermanson, D. R. (2006). What role is your internal audit function playing in corporate governance? Internal auditing-Boston-warren Gorham and Lamont incorporated-, 21(6), 37-43. Griffin, J. (2000). Corporate social performance: Research directions for the 21st century. Business & Society, 39(4), 479–491. Griffin, J. J., & Mahon, J. F. (1997). The corporate social performance and corporate financial performance debate twenty-five years of incomparable research. Business & Society, 36(1), 5–31. Haile and Mariam, S. (2014). Determinant of internal audit effectiveness in the public sector: A case of selected Ethiopian public sector officer. Thesis Submitted to College of Business and Economics Jumina University 2014. Hair, J. F., Andersen, R. E., & Tatham, R. L. (2010). Multivariate data analysis (7th ed.). Upper Saddle River, NJ: Pearson Prentice Hall. Hair, J.F., Wolfinbarger, M.F., & Ortinall, D. J. (2008). Essential of marketing research. Boston: McGraw, Hill/Irwin. Hamann, P. M., Schiemann, F., Bellora, L., & Guenther, T. W. (2013). Exploring the Dimensions of Organizational Performance A Construct Validity Study. Organizational Research Methods, 16(1), 67–87. Hassan, Y. M. (2016). Determinant of audit report lag – Evidence from Palestine. Emerging Economics Journal. 6 (1), 92-117. Hermanson, D. R., & Rittenberg, L. E. (2003). Internal audit and organizational governance. Research Opportunities in Internal Auditing. 1 (1), 25-71. Hillman, A. J., Withers, M. C., & Collins, B. J. (2009) Resource dependency theory: A review Journal of Management, 35(6). 65-75 Hutchinson, M .R. & Zain, M. M. (2009). Internal audit quality, audit committee independence, growth opportunities and firm performance. Corporate Ownership and Control, 7(2), 50-63 IIA Standard, 2002 (International standards for the professional practice of IA (standards) (2002). Institute of Internal Auditors (2000) Taking governance to the next level. Practice Advisory Board. Florida Institute of Internal Auditors (2001). Independence and objectivity: A framework for internal auditors. Altamonte Spring, Florida. Institute of Internal Auditors (2008), International standards for the professional practice of internal auditing”, Altamonte Spring, Florida. Institute of Internal Auditors (2012). Measuring internal audit effectiveness and efficiency. IPPF- Practice guide. Advisory Board. Institute of Internal Auditors (2012). "International Standards for the professional practice of internal auditing", The Institute of Internal Auditors, Altamonte Springs, FL. Institute of Internal Auditors (IIA 2002), Definition of internal auditing. Practice guide .Advisory Board. Institute of Internal Auditors Research Foundation. (2004) Practice advisory: Role of the internal audit activity and internal auditor in the ethical culture of organization. Altamonte Spring, Florida. International Organization for Standardization – ISO, 9001(2000). Geneva Inua, O. I., & Maduabum, C. (2014). Performance efficiency measurement in the Nigerian public sector: The federal universities dilemma. Mediterranean Journal of Social Sciences, 5(20), 822-838. Inua, O. I., & Okafor, C. (2015). Determinant of performance efficiency in nonprofit organization: Evidence form Nigerian federal universities. Research Journal of Finance and Accounting. 6(17), 7-22 International Organization for Standardization (ISO) 9001, (2000). Quality management system, requirement .International organization for standardization, Geneva. Kaplan, R. S., & Norton, D. P. (1996). Putting the balance score cards to work. Harvard Business Review, 1(2), 134-147. Kempkes, G. & Pohl, C. (2010). The efficiency of German universities–some evidence from nonparametric and parametric methods. Applied Economics, 42(16), 2063-2079. Kiabel, B. D. (2012). Internal auditing and performance of government enterprises: A Nigerian study. Global Journal of Management and Business Research, 12(6), 23-29. Knapp, C. A., & Knapp, M. C. (2001). The effects of experience and explicit fraud risk assessment in detecting fraud with analytical procedures. Accounting, Organizations and Society, 26(1), 25-37. Kofi, F. A. & Eric, W. D. (2017). Fighting corruptions by means of effective internal audit function: Evidence from the Ghanaian public sector. International Journal of Auditing. 2 (1), 82-99. KPMG, (1999). International Cooperative, a Swiss entity KPMG, (2015). International Cooperative, a Swiss entity Kramer, J. (2011). The worst practice for marketing and selling internal audit. Protivisitis Knowledge Leader. Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research activities. Educational and psychological measurement, 30(3), 607-610. Lawrence, J. A., Brain, D., Susan, p. & Garry F. P. (2016). Internal audit quality and financial reporting quality: A joint importance of internal audit independence and competence. Journal of Accounting Research. 54 (1), 3-40. Lenz, R. & Hahn U. (2015)’ A synthesis of empirical internal audit effectiveness literature pointing to new research opportunities. A managerial Auditing Journal. 30(1), 2015 Lianne, D. (2011). Inquiry into finance company failure. Report of the Commerce Committee Presented at the House of Representative, Nigeria Lockey, P., & Lathman, G. (1990). A theory of goals and performance .Eaglewood Cliff; NJ: Prentice Hall Lusthaus, C. (2002). Organizational assessment: A framework for improving performance. IDRC. Ma’ayam,Y. & Cameli, A. (2016). Internal Auditor as a Source of Ethical Behavior, Efficiency and Effectiveness in Works Units. Journal of Business Ethics. 137(2), 66-71. Mahzan, N., & Hassan, N. A. (2015). Internal audit of quality in 5S environment: perceptions on critical factors effectiveness and impact on organizational performance. International Journal of Academic Research in Accounting, Finance and Management Sciences, 5(1), 92-102 Malhotra, N. K. (2008). Essentials of marketing: An applied orientation (2nd ed.) Australia: Pearson Education. March, J. G., & Sutton, R. I. (1997). Crossroads-organizational performance as a dependent variable. Organization Science, 8(6), 698-706. Marius G., Sebastian, K. & Christopher W. (2017). Internal audit function quality and financial quality: Results of survey on German listed companies. Journal of Management and Governance, 21 (2), 291-329. MatZain, M., Subramaniam, N. & Stewart, J. (2006). Internal auditors’ assessment of their contribution to financial statement audits: The relation with audit committee and internal audit function characteristics’, International Journal of Auditing, 10 (1), 1–18. Mbuti, E, M, (2014) Effects of Internal Audit Reporting on Financial Performance of Saccos- Kenya Univesity. Doctoral Dissatatin, KCA University. Meier, K. J., & O’toole, L. J. (2013). Subjective organizational performance and measurement error: Common source bias and spurious relationships. Journal of Public Administration Research and Theory, 23(2), 429–456. Miettinen, J. (2011). The role of audit quality on the relationship between auditors’ agency problems and financial information quality. Paper Presentation at Department of Accounting and Finance, University of Vaasa, Finland Mihret, D. G. (2010). Antecedents and organizational performance implication of internal audit effectiveness: Evidence from Ethiopia. Doctoral dissertation, University of Southern Queensland. Mihret, D., & Yasman, A. (2007). Internal audit effectiveness: An Ethiopian Case Study. Managerial Auditing Journal, 22(5): 470 – 484 Mihret, D., James, K., & Mula, J. M. (2011). Antecedents and organizational performance implications of internal audit effectiveness: some propositions and research agenda. Pacific Accounting Review, 22(3), 224-252. Milgrom, P. & Roberts, J. (1992). Economics, Organization and Management. Prentice Hall. Modibo, S. A. (2015). Impact of internal audit unit on the effectiveness of internal control system of tertiary educational institution on Adamawa state, Nigeria. International Journal of Humanities of Social Science and Education, 2(5), 140-156. Mohamed, Z. (2012). The age of internal audit function and internal audit’s contribution to financial statement audit: Implications on audit fees. The Journal of American Academy of Business, Cambridge, 18(1), 303-311. Mulili, B. M., & Wong, P. (2011). Corporate governance practices in developing countries: The case for Kenya. International journal of business administration, 2(1), 14. Mulugeta, S., & Gebrehiwot, G. (2008). Internal Audit: Reporting Relationship in Ethiopian Public Enterprises. Doctoral dissertation, M. Sc. Dissertation. Muqattash, R. (2011). The effect of the factors in the internal audit department on the internal auditors objectivity in the banks operating in the United Arab Emirates :(A field study). Journal of International Management Studies, 6(3), 92. Naimi, M., Nor, M., Rohami, S., & Wan-Hussin, W. N. (2010). Corporate governance and audit report lag in Malaysia. Asian Academy of Management Journal of Accounting and Finance, 6(2), 57-72. Neuman, W. L. (2006). Social research method: Qualitative and Quantitative Approach. 4th edition, Needham Heights M.A. Allyn and Bacon. Nopmanee, T. & Ling, L. (2015). Auditor’s independence and audit quality: A literature review. Journal of Accounting, Auditing and Finance. 30(1), 101-121. Norwani, N. M., Zam, Z. M., & Chek, I. T. (2011). Corporate governance failure and its impact on financial reporting within chosen companies .International Journal of Business and Social Science, 2(21) 66-74. Ogurunku, A. O. (2010). Statutory Bodies in the Nigeria Universities: Roles, organizational structures and functions. Paper presentation at Committee of Nigerian Universities Vice-Chancellors. National Universities Commission (NUC), Abuja, Nigeria. June, 20th, 2010. Ojong, E. N., Ekponta, E. P. (2014). The effect of internal audit function on the financial performance of tertiary institution in Nigeria .International of Economics, Commerce and Management. 2(10), 43-50. Okezie, B. N. (2004). Auditing and investigating. Owen. Bon publication. Okike, E. (2004). Management of crisis: The response of the auditing profession in Nigeria to the challenge to its legitimacy. Accounting, Auditing & Accountability Journal, 17(5), 705-730. Omar, N., & Abu Bakar, K. M. (2012). Dynamic audit competency and the antecedents and consequences: Evidence from tan auditors in Thailand. International Journal of Business Research, 11(3), 47-75. Pallant, J. (2011). SPSS survival manual: A step by step guide to data analysis using SPSS for windows (4th ed.). England McGraw Hill Open University Press. Pfeffer, J. (1987), “A resource dependence perspective on interorganizational relations,” in Mizruchi, M. S. and Schwartz, M., Intercorporate Relations: The Structural Analysis of Business, Cambridge University Press, Cambridge UK, pp. 25-55. Pfeffer, J., & Salancik, G. R. (1978). The external control of organizations: A resource dependency perspective. New York: Harper and Row. Piskar, M. (2004). Quality audit and their value. International Journal of Sciences and Standards 2(1) 69-83 Pivka, M., & Mulej, M. (2004). Requisitely holistic ISO 9000 audit leads to continuous innovation/improvement. Cybernetics and Systems: An International Journal, 35(4), 363-378. Prawitt, D. F., Smith, J. L., & Wood, D. A. (2009).Internal audit quality and earnings management. The Accounting Review, 84(4), 1255-1280. Public Oversight Board. (1994). Strengthening the professionalism of the independent auditor. Stamford, CT: POB. Radu, M (2012). Corporate governance, internal audit and environmental audit-the performance tools in Romanian companies. Accounting and Management Information Systems, 11(1), 112. Ray, G., Barney, J. B., & Muhanna, W. A. (2004). Capabilities, business processes, and competitive advantage: choosing the dependent variable in empirical tests of the resource‐based view. Strategic Management Journal, 25(1), 23–37. Richards, P. J., Devinney, T. M., Yip, G. S., & Johnson, G. (2009). Measuring organizational performance as a dependent variable: Towards methodological best practice. Journal of Management, 35(3), 718-804. Ringim, K.J. (2012). Effect of the business process reengineering factors on information and technology capabilities on organizational performance. Unpublished doctoral Thesis, University Utara Malaysia. Rothman, J. & Friedman, V. J. (2001). Identity, Conflict and Organizational Learning Nonaka. Handbook for Organizational Learning and Knowledge, Oxford University Press, New York. Rousy, M. & Brivot, M. (2017). Internal audit quality: A polysemous notion. Accounting, Auditing & Accountability Journal. 29(5), 714-738. Rupšys, R., & Stačiokas, R. (2015). Internal audit reporting relationships: The analysis of reporting lines. Engineering Economics, 43(3), 49-53. Rusmin, R. & John, E. (2017). Audit Quality and Audit Reporting Lag: Case of Indonesia Listed Companies. Asian Review of Accounting. 25 (2), 191-210. Sahara Reporters. (2012, 2014 &2015). New York. Publications. December, 13, 2012; July, 2014 and Octorber, 2015. Sarens, G., & De Beelde, I. (2006). The relationship between internal audit and senior management: A qualitative analysis of expectations and perceptions. International Journal of Auditing, 10(3), 219-241. Seashore, S. E., & Yuchtman, E. (1967).Factorial analysis of organizational performance. Administrative Science Quarterly, 2(1), 377-395. Sekaran, U. (2003). Research Method for Business: A Skill Building approach. 4th Edition, New Jersey, John Wiley and Sons. Sekaran, U., & Bougie, R. (2010). Research Method for Business. A Skills Building Approach. 5th Edition, UK, John Wiley and Son. Sharma, V. D., Sharma, D. S., & Ananthanarayanan, U. (2011). Client importance and earnings management: The moderating role of audit committees. Auditing: A Journal of Practice & Theory, 30(3), 125-156. Shehu, M. (2014). Market Orientation, Knowledge Management, Entrepreneurial Orientation and Performance of Nigerian SME’s. An Academic Thesis, University Utara Malaysia, 2014. Shukeri, S. N. & Nelson, S. P. (2011) Timeliness of Annual Audit Report: Some Empirical Evidences from Malaysia. Paper presentation on Entrepreneurship and Management International Conference, (EMIC 2). Singer, E. (2006). Non-response bias in household surveys. Public Opinions Quarterly, 70 (5) 637-645. Soh, D. S., & Martinov-Bennie, N. (2011). The internal audit function: Perceptions of internal audit roles, effectiveness and evaluation. Managerial Auditing Journal, 26(7), 605-622. Stewart, J., & Subramaniam, N. (2010). Internal audit independence and objectivity: emerging research opportunities. Managerial auditing journal, 25(4), 328-360. Subramanian, N. (2006). “Agency theory and accounting research: An overview of some conceptual and empirical issues in Z. Hogue. (ED). Methodological issues in accounting research: Theories and Methods, 22 (1), 55-77. Suwaidan, M., & Qasim, A. (2010). External auditors' reliance on internal auditors and its impact on audit fees: An empirical investigation. Managerial Auditing Journal, 25(6), 509-525. Tabandeh, A. (2016). Investigating factors affecting the effectiveness of internal auditors in the company: A Case study on Iran. Review of European Studies. 8 (2), 224-235. Tabanchnick, B.G., & Fidell, L.S. (2014). Using multivariate statistics (6th ed.). Boston: Pearson Education Limited. Tamara, A. L., Keith, L. J., Joseph, F. B. & Scott, S. (2017). Audit time pressure and earning quality: An examination of accelerated filings. Accounting, organization and Society Journal. 58(1), 50-66. Tosi, H. L., Brownlee, A. L., Silva, P., & Katz, J. P. (2003). An empirical exploration of decision‐making under agency controls and stewardship Structure. Journal of Management Studies, 40(8), 2053-2071. Ulrich, P. (2008). Integrative Economics Ethics: Foundation of Civilized Market Economy, Cambridge. Cambridge University Press. Ulrich, D. & Barney, J. B (1984) Perspectives in Organizations: Resource dependence, Efficiency and population. Academy of Management review. 9. Unegbu, A. O., & Kida, M. I. (2011). Effectiveness of internal audit as instrument of improving public Sector management. Journal of Emerging Trends in Economics and Management Sciences, 2(4), 304-309. Ussahawanitchakit, A., & Intakhan, A. (2011). Audit professionalism, audit independence and audit effectiveness of CPAs in Thailand. International Journal of Business Research, 3(2), 1-11. Vanasco, R. R. (1996). Auditor independence: an international perspective. Managerial Auditing Journal, 11(9), 4-48. Vijayakumar, A. N., & Nagaraja, N. (2012). Internal control systems: Effectiveness of internal audit in risk management at public sector enterprises. Management Edge, 5(1).56-68. Wang, Y., Yu, L., Zhang, Z., & Zhao, Y. (2012). Engaging audit partner experience and audit quality. In AAA conference. Yasin F. M., & Nelson S. P. (2012) Audit committee and internal auditing: Implication on audit quality. Journal of Economic Management and Accounting. 20(2) 187-218. Ziace, M. (2014). The effect of audit quality on the performance of listed companies in Tehran stock exchange. International Letters of Social and Humanistic Sciences, 4(21), 36-43. Zikmund, W, G. (2000). Business Research Method. 6th Edition, USA, Harcourt Zikmund, W. G., Babin, B. J., Carr, J. C., & Graffin, M. (2010). Business Research Method. 8th Edition, Canada: South – Western, Cengage Learning.

Similar Items